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(Photo = Yonhap news) |
[Alpha Biz= Reporter Paul Lee] The National Pension Service has been selected as the largest private equity fund (PEF), non-performing asset and venture fund consignment management company (GP) this year.
The National Pension Service Fund Management Headquarters announced on the 26th its plan to select a domestic private investment consignment management company for the National Pension Fund and said it will invest a total of 1.5 trillion won this year. There are three areas of investment: PEF, credit and stress (bad asset) funds, and venture funds.
The National Pension Service will invest 1 trillion won in the PEF sector, up 25% from 800 billion won last year. Last year, three operators were selected: Hahn & Company, Macquarie Asset Management and IMM Private Equity (IMM PE).
The venture fund sector will select four companies, 30 billion won to 60 billion won, and allocate up to 200 billion won.
In addition, credits and bad asset funds were added to the private equity investment. It plans to invest a total of 350 billion won, from 100 billion won to 150 billion won in up to three places. The selected consignment management companies are required to invest more than 80% in loan bonds, convertible bonds (CB), warrant bonds (BW), redeemable convertible preferred shares (RCPS), and exchangeable bonds (EB).
The national pension plan is scheduled to be selected sequentially starting this month. The PEF division will receive proposals by the 16th of next month and will finally select four operators by July. Credit and non-performing asset funds will be announced in July and selected in September. The venture fund receives the proposal in September and selects four companies in November.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
